Brexit, the economy and house prices (Part 3)

dunstonh

Ford have not been a big fan of investing in the UK compared to other brands. Whilst they give some short term costs of leaving, it is worth noting there are other benefits to manufacturing in the UK compared to within the EU. Working hours and employment rights for example.

Ford's market share in the UK has fallen from 17% in 2002 to under 15% in 2014 to under 12.5% in recent months. Still, a large amount but long term trend is not one that inspires significant investment. Also, when Ford closed its manufacturing plants in the past, it alienated generations in that region and is said to be responsible for some of that decline.

Thrugelmir

Filo25 wrote: »

Equally I wouldn't say that the lack of stability seems to be doing Germany much harm!

Has plenty of domestic issues to face. Just like the UK. In Germany years of austerity have resulted in low investment in infrastructure, roads, railways, schools, bridges etc. The grass isn't always greener.

Thrugelmir

Filo25 wrote: »

But we haven't even left the EU and you can already see some impacts just from the impact on confidence of the decision to leave, the fall in Sterling has already led to inflation and squeezed real wages and our GDP growth has deteriorated significantly relative to the other major economies compared to where we stood before this.

As been discussed on here for a very long time. Brexit isn't a cause of these problems. May have been the trigger. The seeds were sown a long time ago. The fall in the value of Sterling is a structual issue for the UK economy that only the UK can solve.
Little point in getting hung up over GDP. When other measurements of the state of the UK economy have been poor for some considerable time.

Interestlngly on Friday I learnt that the average American doesn't take all their annual leave. Only take 16.5 days on average. Explains why the US is more productive. Cannot see the average Brit foregoing their holidays. Totally the reverse in fact. Will expect the job to come after their homelife.

Thrugelmir

CKhalvashi wrote: »

I'm sure the rates there aren't that much lower than the UK for income tax.

In other words I'll put my fingers in my ears when I don't wish to hear something.

A common theme these days with the advent of modern social media. Much is based on beliefs rather than hard facts and realities.

Thrugelmir

gfplux wrote: »

why would you think that the Country I live in has low (personal) taxation.

Seems that you've lost touch with UK personal taxation rates since you've left. Perhaps it accounts for the amount of time you can afford to spend at the beach. You seem happy for the divorce bill to be imposed on UK taxpayers though.

Understand not your issue personally. However underlines an aspect of the EU project which have never been addressed. Fiscal integration i.e. uniform tax rates are a neccessity for a Federal Europe to function. Too many economic disparities for that happen. A major failure in the way that the EU has expanded far too rapidly.

Marktheshark

Britain wont leave the EU.
What you are getting is this thing called "Brexit".
A new deal, a new membership, free movement of people, EU law, EU making the decisions.

The voting majority are getting shafted.

If we were leaving, we would have served article 50 the morning of the referendum result and walked away and told them to whistle.
Because that is how you leave.
You don't do negotiation, you get up and you begger off.

posh*spice

Apparently as a British citizen i need to be educated on the benefits of the EU.

Well Mr Barnier - you need to be educated on what real and proper democracy looks like - you jester.

TrickyTree83

Backbiter wrote: »

Ford aren't exactly optimistic about the effects of the Brexit vote:
http://www.independent.co.uk/news/business/news/ford-to-consider-closing-uk-factories-in-leave-towns-after-brexit-a7162561.html?amp

Did you read the Deloitte report?

They say prices will rise, but for prices of cars manufactured in the UK or the rest of the world the price rises will be small almost unnoticeable at the higher end of the market, cars manufactured in the EU will see their prices rise much more considerably.

So what with German manufacturers having car plants in the rest of the world, the corporation will not lose out on market share or profit ultimately but EU nations that manufacture for the UK market will lose jobs.

Read it if you don't believe what I write here. They had over a year to analyse the impact of WTO Brexit on the German car industry, they were employed to do the research by the German car industry and their findings corroborate what some posters on MSE have been trying to explain for quite some time.

gfplux

Thrugelmir wrote: »

Seems that you've lost touch with UK personal taxation rates since you've left. Perhaps it accounts for the amount of time you can afford to spend at the beach. You seem happy for the divorce bill to be imposed on UK taxpayers though.

Understand not your issue personally. However underlines an aspect of the EU project which have never been addressed. Fiscal integration i.e. uniform tax rates are a neccessity for a Federal Europe to function. Too many economic disparities for that happen. A major failure in the way that the EU has expanded far too rapidly.

Surely you are not jelous of an old mans time at the beach. Well, well.

I think you just want to avoid the fact that too few posters on this thread actually work in an industry that could be effected by Brexit Crisis. Perhaps the fact is too few posters work as all jobs are and will be touched by Brexit.
When someone comes on here and has actual work experience of the Brexit Crisis you and others just ignore them or abuse anyone thanking them for the contribution.

TrickyTree83

gfplux wrote: »

Surely you are not jelous of an old mans time at the beach. Well, well.

I think you just want to avoid the fact that too few posters on this thread actually work in an industry that could be effected by Brexit. Perhaps the fact is too few posters work as all jobs are and will be touched by Brexit.
When someone comes on here and has actual work experience of Brexit you and others just ignore them or abuse anyone thanking them for the contribution.

I'm 33 and a higher rate taxpayer.

What's my failure/problem in your eyes?